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S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
NYSE:WPM

Wheaton Precious Metals (WPM) Stock Price, News & Analysis

$51.81
-0.81 (-1.54%)
(As of 04/12/2024 ET)
Today's Range
$51.40
$54.28
50-Day Range
$39.19
$52.62
52-Week Range
$38.37
$54.30
Volume
3.83 million shs
Average Volume
2.16 million shs
Market Capitalization
$23.49 billion
P/E Ratio
43.54
Dividend Yield
1.20%
Price Target
$53.10

Wheaton Precious Metals MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
2.5% Upside
$53.10 Price Target
Short Interest
Bearish
3.75% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.48
Upright™ Environmental Score
News Sentiment
1.31mentions of Wheaton Precious Metals in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.10%
From $1.24 to $1.39 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.76 out of 5 stars

Basic Materials Sector

133rd out of 504 stocks

Gold & Silver Ores Industry

10th out of 108 stocks

WPM stock logo

About Wheaton Precious Metals Stock (NYSE:WPM)

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.

WPM Stock Price History

WPM Stock News Headlines

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WPM Apr 2024 42.000 call
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WPM Mar 2024 48.000 put
Wheaton Precious Metals Corp.
Wheaton Precious Metals' Stock Tanks: Time To Buy?
Silver Demand Set to Meet Second-Highest Level on Record
See More Headlines
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Company Calendar

Last Earnings
3/14/2024
Ex-Dividend for 4/15 Dividend
4/02/2024
Today
4/12/2024
Dividend Payable
4/15/2024
Next Earnings (Confirmed)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
N/A
Employees
42
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$53.10
High Stock Price Target
$70.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+2.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$537.64 million
Pretax Margin
53.06%

Debt

Sales & Book Value

Annual Sales
$1.02 billion
Cash Flow
$1.67 per share
Book Value
$15.42 per share

Miscellaneous

Free Float
N/A
Market Cap
$23.48 billion
Optionable
Optionable
Beta
0.77
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Key Executives

Should I Buy Wheaton Precious Metals Stock? WPM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Wheaton Precious Metals Corp.:

  • Wheaton Precious Metals Corp. has a diversified portfolio of precious metals including gold, silver, palladium, and cobalt, providing exposure to multiple valuable commodities.
  • The company operates in North America, Europe, and South America, tapping into different markets and potentially reducing geographical risk.
  • Recent developments show an upward trend in the stock price of Wheaton Precious Metals Corp., indicating positive market sentiment towards the company.
  • As a precious metals company, Wheaton Precious Metals Corp. can benefit from safe-haven demand during times of economic uncertainty, providing a hedge against market volatility.
  • Investing in Wheaton Precious Metals Corp. offers the opportunity to participate in the gold & silver ores industry, which historically has shown resilience and growth potential.

Cons

Investors should be bearish about investing in Wheaton Precious Metals Corp. for these reasons:

  • Fluctuations in precious metal prices can impact the company's profitability and stock performance, making it susceptible to market volatility.
  • Regulatory changes in the mining industry or environmental policies could affect Wheaton Precious Metals Corp.'s operations and production, leading to potential challenges.
  • Investing in precious metals companies like Wheaton Precious Metals Corp. may involve exposure to commodity price risks, which can be influenced by global economic conditions.
  • The company's performance is closely tied to the mining sector, which can be cyclical and subject to factors like production costs, geopolitical issues, and supply-demand dynamics.
  • While precious metals can act as a hedge, they may not always perform well in all market conditions, requiring investors to carefully assess their risk tolerance and investment objectives.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Wheaton Precious Metals pros and cons to contact@marketbeat.com.

WPM Stock Analysis - Frequently Asked Questions

Should I buy or sell Wheaton Precious Metals stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WPM shares.
View WPM analyst ratings
or view top-rated stocks.

What is Wheaton Precious Metals' stock price target for 2024?

12 brokerages have issued twelve-month price targets for Wheaton Precious Metals' stock. Their WPM share price targets range from $37.00 to $70.00. On average, they predict the company's share price to reach $53.10 in the next year. This suggests a possible upside of 2.5% from the stock's current price.
View analysts price targets for WPM
or view top-rated stocks among Wall Street analysts.

How have WPM shares performed in 2024?

Wheaton Precious Metals' stock was trading at $49.34 at the start of the year. Since then, WPM stock has increased by 5.0% and is now trading at $51.81.
View the best growth stocks for 2024 here
.

When is Wheaton Precious Metals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our WPM earnings forecast
.

How can I listen to Wheaton Precious Metals' earnings call?

Wheaton Precious Metals will be holding an earnings conference call on Friday, May 10th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-764-8677 with passcode "432661#".

How were Wheaton Precious Metals' earnings last quarter?

Wheaton Precious Metals Corp. (NYSE:WPM) posted its quarterly earnings data on Thursday, March, 14th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. The firm had revenue of $313.47 million for the quarter, compared to analysts' expectations of $284.29 million. Wheaton Precious Metals had a net margin of 52.92% and a trailing twelve-month return on equity of 7.76%.

How often does Wheaton Precious Metals pay dividends? What is the dividend yield for Wheaton Precious Metals?

Wheaton Precious Metals declared a quarterly dividend on Thursday, March 14th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.155 per share on Monday, April 15th. This represents a $0.62 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a positive change from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for WPM
.

Is Wheaton Precious Metals a good dividend stock?

Wheaton Precious Metals (NYSE:WPM) pays an annual dividend of $0.62 per share and currently has a dividend yield of 1.21%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 52.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WPM will have a dividend payout ratio of 44.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WPM.

What other stocks do shareholders of Wheaton Precious Metals own?
Who are Wheaton Precious Metals' major shareholders?

Wheaton Precious Metals' stock is owned by a variety of institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (0.11%), Global Assets Advisory LLC (0.03%), Trust Co. of Toledo NA OH (0.00%), Confluence Investment Management LLC (0.00%), Banque Cantonale Vaudoise (0.00%) and International Assets Investment Management LLC (0.00%). Insiders that own company stock include Chantal Gosselin, Curzio Domenico Bernardi, Douglas Martin Holtby, Eduardo Luna, Gary Duncan Brown, Haytham Henry Hodaly, John Brough, Patrick Eugene Drouin and Randy Smallwood.
View institutional ownership trends
.

How do I buy shares of Wheaton Precious Metals?

Shares of WPM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:WPM) was last updated on 4/13/2024 by MarketBeat.com Staff

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